Data I/O (NASDAQ:DAIO) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Data I/O Corporation (NASDAQ:DAIO) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.87 and traded as high as $3.41. Data I/O shares last traded at $3.36, with a volume of 20,460 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Saturday, September 27th. Westpark Capital reissued a “buy” rating and issued a $5.22 target price on shares of Data I/O in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.22.

Data I/O Trading Up 0.3%

The firm has a market cap of $31.55 million, a P/E ratio of -12.00 and a beta of 1.05. The stock has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $2.87.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Thursday, July 24th. The electronics maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Data I/O had a negative net margin of 11.49% and a negative return on equity of 14.60%. The business had revenue of $5.95 million during the quarter, compared to analysts’ expectations of $5.50 million.

Institutional Trading of Data I/O

Several hedge funds have recently made changes to their positions in DAIO. Steward Partners Investment Advisory LLC bought a new position in shares of Data I/O in the 2nd quarter valued at about $65,000. James Investment Research Inc. raised its position in Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Data I/O by 45.4% in the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of Data I/O by 11.8% in the 1st quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 4,628 shares during the period. Finally, Penbrook Management LLC increased its position in shares of Data I/O by 29.8% during the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 80,300 shares during the last quarter. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

About Data I/O

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.